Browse Tag

Dollar

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Global events threaten financial market stability

1 min read

The FINANCIAL — Globally-significant events have driven recent financial market volatility and contributed to the emergence of a risk-off environment, according to leading London Business School economists.…

Finance
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Inflation and the purchasing power of the dollar

3 mins read

Global issues and COVID-19 have driven up costs for food and other goods. A dollar spent at the supermarket pays for more than what you see in your cart. And what you can get with that dollar has changed a lot since this time last year due to inflation.…

Turkish lira hits all time low

2 mins read

The FINANCIAL — Turkish lira dropped to record low against dollar as state bank interventions could not reassure investors. The last lowest point was hit in May. Meanwhile, heavy interventions late last week drained the supply of local currency, government-owned lenders flooded the market with foreign exchange, selling at least $2.5 billion. The central bank’s gross currency reserves have dropped by more than…

Gold price hit record high since 2011

2 mins read

Gold hit its highest price for the first time in 9 years. After a 18% surge in 2019, gold prices have moved sharply higher this year. The positive trend in the gold spot prices is chiefly due to the escalation in the geopolitical tensions and uncertainty over the second stimulus package. Gold’s also getting support from a…

DOLLAR CONTINUES TO EXHIBIT STRENGTH

1 min read

The FINANCIAL -- The US dollar has gained in strength this week on safe haven appeal, amid rising worries about global growth and uncertainty about a US-China trade deal ahead of the March 1 deadline.…